In a Fed report, small businesses said that:
- they faced financial challenges last year.
- Performance was steady over 2023
- The biggest challenges were higher costs, wages in 2023.
- Higher interest rates was a financial challenge.
- They are more likely to expect higher user revenue, hiring.
- They had more debt in 2023.
- Faced reduced pandemic related challenges in 2023
This article was written by Greg Michalowski at www.forexlive.com. Source